RMBS

Ongoing litigation may clarify on the responsibilities of trustees in residential mortgage backed securities, but market participants aren't waiting around to find out.

Regulators have been trying to price Fannie Mae and Freddie Mac out of their dominant shares of the secondary market for home loans. After a pair of giant price increases, the strategy may soon bear fruit.

Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.

The trend of U.S. banks shifting their subprime mortgage servicing rights to non-bank, specialist servicers looks set to continue, according to a Fitch Ratings report.

Wall Street thinks it has a found a solution to jumpstart the dormant market for private-label mortgage-backed securities: bring a third-party reviewer to determine who is on the hook for bad loans.

Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.

Flagstar Bancorp will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty.

Analysts at Bank of America Merrill Lynch said in a report on Friday that another $587 million in unrealized losses may still be lurking in RMBS portfolios serviced by Ocwen Loan Servicing.

Rising house will benefit holders of Germany covered bonds than covered bonds issued in other European countries, Moody’s Investors Service said today.

Moody’s Investors Service has put on review for downgrade 1,079 tranches from 299 shifting interest/pro-rata U.S. residential mortgage-backed securities transactions that are reaching or getting closer to the end of their terms.